BankThink

Lenders fear mass defaults unless unemployment benefits are extended

07/23/20

The CEOs of the credit card lenders Discover and Synchrony are urging Congress to come through with another round of government stimulus so that struggling households can continue paying their bills.

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Fintechs team up with banks to help students mired in debt

07/23/20

Finding loan forgiveness programs and keep-the-change loan paydowns are examples of services startups like Savi, Summer and FutureFuel.io are offering banks to help borrowers manage their monthly payments.

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U.S. Bank rolls out virtual assistant

07/23/20

Voice and text banking will be embedded in the Minneapolis bank's mobile app through a chatbot assistant that also caters to users with disabilities.

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Waters rejects GOP request to cancel hearing on pandemic relief bill

07/23/20

The House Financial Services Committee chair vowed to stay focused on the HEROES Act after the panel's top Republican said lawmakers should instead debate bills with bipartisan support.

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NCUA is a bipartisan agency. It's time it acted like one.

07/23/20

The credit union regulator can accomplish so much more when board members work in a good-faith, fair-minded manner.

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Shale lenders in retreat as pandemic saps energy demand

07/23/20

Banks lending against the oil and natural gas reserves of hundreds of independent U.S. drilling companies have pulled back from the sector at an unprecedented rate this year after oil and gas prices slumped.

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Bogus firms use banks to process illegal purchases; branches wrestle with mask mandates

07/23/20

Bad actors are taking advantage of e-commerce weak spots, using fake online businesses to process payments for drugs; masks may make sense at Walmart, but what about Bank of America?

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Does Congress have cure for what's ailing CRE borrowers?

07/22/20

Many commercial property owners are locked out of existing coronavirus relief by financing terms that bar them from taking new loans. Under a House bill, they would receive government-backed equity investments.

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KeyCorp defends its credit cushion as ample

07/22/20

Other regionals set more aside for loan losses than the Cleveland bank did in the second quarter, and its ratio of reserves to total loans is slightly lower, too. But Key executives say the portfolio is balanced and holding up well despite the pandemic’s economic toll.

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Texas Capital reports another quarterly loss on higher provision, job cuts

07/22/20

The Dallas company, which in May terminated a deal to merge with Independent Bank, set aside $100 million for worrisome loans and incurred severance costs after cutting an undisclosed number of positions.

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